Capitol Federal Financial (NASDAQ:CFFN) downgraded by Zacks Investment Research to “Hold”

Capitol Federal Financial (NASDAQ:CFFN – Get a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report released Wednesday, Zacks.com reports.

According to Zacks, “Capitol Federal Financial is a federally chartered intermediary holding company. Capitol Federal Savings Bank is the sole operating subsidiary. The bank is a community-focused financial institution offering a variety of financial services to meet the needs of communities. We serve. They attract retail deposits from the general public and invest those funds primarily in permanent loans secured by first mortgages on owner-occupied single to four-family residences.”

Separately, StockNews.com upgraded Capitol Federal Financial from a “sell” rating to a “hold” rating in a Saturday, Feb. 5 research report.

Capitol Federal Financial stock traded at $0.23 midday on Wednesday, hitting $10.91. The stock recorded a trading volume of 496,801 shares, compared to an average volume of 704,351 shares. The company has a market capitalization of $1.51 billion, a P/E ratio of 18.81 and a beta of 0.33. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt ratio of 1.30. The company’s 50-day moving average is $11.07 and its 200-day moving average is $11.46. Capitol Federal Financial has a one-year low of $10.55 and a one-year high of $13.75.

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Capitol Federal Financial (NASDAQ:CFFN – Get a rating) last announced its quarterly results on Friday, January 28. The savings and payday loan company reported EPS of $0.16 for the quarter, beating the consensus estimate of $0.13 by $0.03. Capitol Federal Financial posted a net margin of 28.24% and a return on equity of 6.38%. The company posted revenue of $51.12 million for the quarter, versus $50.97 million expected by analysts. In the same quarter of the previous year, the company achieved EPS of $0.14. As a group, equity research analysts expect Capitol Federal Financial to post earnings per share of 0.59 for the current year.

In other news, Director Michael Philipp Cole bought 3,375 shares of the company in a transaction on Thursday, February 3. The shares were acquired at an average price of $10.96 per share, for a total transaction of $36,990.00. The acquisition was disclosed in a legal filing with the SEC, accessible via this hyperlink. 2.00% of the shares are currently held by insiders.

A number of hedge funds and other institutional investors have recently increased or reduced their stake in CFFN. Norges Bank acquired a new stake in shares of Capitol Federal Financial in the fourth quarter, valued at approximately $12,423,000. Barclays PLC increased its position in Capitol Federal Financial by 63.9% in the fourth quarter. Barclays PLC now owns 169,639 shares in the savings and loan company valued at $1,922,000 after buying an additional 66,155 shares during the period. BlackRock Inc. increased its stake in shares of Capitol Federal Financial by 2.3% in the fourth quarter. BlackRock Inc. now owns 20,462,968 shares of the savings and loan company valued at $231,844,000 after purchasing an additional 463,204 shares in the last quarter. Wells Fargo & Company MN increased its holdings of Capitol Federal Financial stock by 2,597.4% during the 4th quarter. Wells Fargo & Company MN now owns 86,317 shares of the savings and loan company worth $978,000 after purchasing an additional 83,117 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Capitol Federal Financial by 0.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 152,071 shares of the savings and loan company worth $1,723,000 after buying 1,230 more shares in the last quarter. 79.71% of the shares are held by institutional investors.

About Capitol Federal Financial (Get a rating)

Capitol Federal Financial, Inc operates as a holding company for Capitol Federal Savings Bank which provides various retail banking products and services in the United States. The Company accepts a range of deposit products, including savings accounts, money market deposit accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.

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